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FAQ: What is a reverse mortgage?

  What is a reverse mortgage? Reverse mortgages are one of the most popular, and one of the most misunderstood mortgages out there. Some seniors rule out the idea of getting a reverse mortgage based on misconceptions about what it means. Of course, with all significant financial decisions, everyone’s situation is different. Here we will set some of the facts straight about reverse mortgages to help you make an informed decision.     You don’t give up ownership of your home Some people believe that getting a reverse mortgage means giving up ...

February 11th, 2018 | Reverse Mortgage, Home Loans, Independent Mortgage Broker, Mortgage, Types of Loans, FAQ: What is a reverse mortgage?

What Is A 203K Loan?

What Is A 203K Loan? A 203K loan gives you the opportunity to get a single loan for both purchasing and improving your new home. Homebuyers often find several homes that are almost perfect, if it weren’t for an out-of-date kitchen, rundown deck, outdated appliances, or other home improvement project. But what some people don’t realize is that with a 203K loan, you can finance both the purchase and rehab of your new home!     From rehab to dream home You may find a home with most of the features you’re looking for, in the perfect school district, ...

February 4th, 2018 | 203K, Customize, Design, Home Loans, Homebuyer, Types of Loans, What Is A 203K Loan?

3 Facts About Buying A 2nd Home

3 Facts About Buying A 2nd Home The 2nd home market is thriving! Here are three facts about buying a second home in North Georgia.     If you’ve ever thought about owning a second home, whether you want to have a peaceful mountain getaway, or a lake house rental property, here are a few things to consider.   1: There are several loan options From jumbo loans to conventional financing, you may be surprised at your options. Jumbo loans may help you afford a more expensive second home, and with a conventional loan, you could get financing for up to 90 p...

December 17th, 2017 | Homebuyer, Home Loans, Local, North Georgia, Real Estate, 3 Facts About Buying A 2nd Home

How To: Cut Back On Closing Costs

Closing costs cover all kinds of expenses associated with buying a home. Here are three ways to decrease your closing costs. Closing costs cover all kinds of fees and services required to get a mortgage and purchase a home. These costs usually range from 3 to 7 percent of the value of your loan. Here are a few ways you can cut back on your closing costs.1. Shop AroundOne way to lower your closing cost amount is to shop around for the best deal, or have a licensed mortgage broker shop around for you. When shopping around, make sure you compare both your estimated closing costs and the tota...

October 17th, 2017 | Home Loans, Independent Mortgage Broker, Closing Costs, How To: Cut Back On Closing Costs

5 Tips For First-Time Home Buyers

5 Tips For First-Time Home BuyersBuying your first home can be stressful. Here are 5 tips to help your first home purchase go smoothly! First-time home buyers can feel overwhelmed: from finding the right home, to qualifying for a home mortgage loan. By following a few simple tips, you can cut out a significant amount of the stress that comes with buying your first house. 1. Track your spendingBefore you can figure out how much money you can afford to pay toward monthly home mortgage, you need to know how much money you have each month after other expenses. A good way to learn about y...

August 17th, 2017 | Home Loans, Mortgage, Qualify, First-Time Home Buyer, 5 Tips For First-Time Home Buyers

Save: The Benefits Of 15-Year Refinancing

The Benefits Of 15-Year RefinancingLearn how refinancing a home mortgage could lower your interest rate and save you thousands. Refinancing is when you take out a new loan to completely pay off your original one. This may sound odd, but it gives you the opportunity to get a better interest rate and change the loan period, which could save you thousands of dollars over the course of your loan. Why would I want to refinance?Sometimes people choose to refinance their home mortgage because they qualify for a better interest rate than when they first purchased the home. If you had bad cre...

July 27th, 2017 | Predatory Lending, Mortgage Rate, Types of Loans, Home Loans, Refinancing, 15-Year Refinance, Save: The Benefits Of 15-Year Refinancing

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John Kennedy (NMLS# 165885)

Phone: 678-317-0338
Fax: 877-223-4919

The Mortgage Source, LLC
(NMLS# 165864)

21 Court St, Suite 102
Jasper, Georgia 30143
Georgia Residential Mortgage Licensee
(Lic # 23034)

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